Aug 10
21
Time of Reckoning for Obama, Pelosi
FOXBusiness(8/26, Peter Morici) Reports:
“For President Obama and Speaker Pelosi, the reckoning is near.
In hubris, they imposed a radical liberal agenda on an unwilling centrist electorate. Now, the economic recovery is failing and voters are set to rebuke Democrats in November.
From electing Scott Brown in Massachusetts to vociferous dissent at town meetings, Americans made it clear they did not want the Democrats’ health-care reforms.
Those create vast new entitlements, levy higher taxes, impose mandates on businesses and state budgets, and increase demand for medical services and drugs, without expanding the supply of health professionals or loosening the monopoly grip of pharmaceutical companies. It imposes few meaningful cost controls.
As feared, businesses face runaway employee health insurance costs, dramatically increasing their incentives to outsource more jobs to Asia.”